Thursday, November 14, 2013

WASHINGTON (Reuters) – The Obama administration could extend beyond 2014 a one-year fix in its healthcare law that allows insurance companies to renew health plans for consumers whose policies would otherwise be canceled, the White House said on Thursday.

President Barack Obama announced a plan to let insurance companies extend policies that would not meet the minimum standards of the Affordable Care Act.

In a fact sheet outlining the details of that plan, the White House said the Department of Health and Human Services would consider a further extension of that fix beyond 2014.

“HHS will consider the impact of this transitional policy in assessing whether to extend it beyond 2014,” the White House said.